Description
The City of Foster City is requesting proposals from qualified firms interested in administering and delivering the City’s Below Market Rate (BMR) Accessory Dwelling Unit (ADU) Loan Program known as the “Affordable ADU Program” (“Program”). Through this program, eligible homeowners can access interest-free financing in exchange for renting their ADUs to low-income households for ten years. The City’s goal is to help build eight (8) deed-restricted ADUs that support the 2023–2031 Housing Element, Program H-D-4-b ADU/JADU Financial Incentive Program (page HE-94):
Attached files
The solicitation documents live at the source — open the bid source above to download them.